The Pakistani rupee posted a modest gain against the US dollar in the interbank market, ending the trading week on a stronger note as the greenback slipped slightly. According to the latest market data, the dollar declined by three paisas to close at Rs278.12 compared with the previous day’s closing rate of Rs278.15, reflecting continued […]
forex market
Rupee gains signal growing market confidence
The Pakistani rupee continued to strengthen against the US dollar, closing at 279.90 in the interbank market as improved dollar supply supported the local currency. Moreover, the greenback briefly slipped to 279.66 during trading before rising slightly because of fresh import demand later in the session. This steady performance shows that market balance is improving […]
Dollar weakens ahead of U.S. Thanksgiving as global currencies gain
SINGAPORE – The U.S. dollar weakened on Thursday as global currency markets saw light trading ahead of the Thanksgiving holiday, with investors shifting focus to 2026 when a series of U.S. interest rate cuts are expected. The euro climbed above $1.16, while the yen strengthened 0.4% to 155.87 per dollar. Read More: SBP releases latest […]